Akamai Technologies Correlations

AKAM Stock

USD 82.54 1.43 1.76%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Akamai Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Akamai Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Akamai Technologies Correlation With Market

Poor diversification

The correlation between Akamai Technologies and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Akamai Technologies and DJI in the same portfolio, assuming nothing else is changed.

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Moving together with Akamai Stock

0.92	S	SentinelOne	Pair Corr
0.93	AI	C3 Ai Inc	Pair Corr
0.74	BB	BlackBerry Aggressive Push	Pair Corr
0.81	DOCN	DigitalOcean Holdings Earnings Call This Week	Pair Corr
0.85	VERI	Veritone Earnings Call This Week	Pair Corr
0.87	DVLT	Datavault AI Symbol Change	Pair Corr
0.92	VRAR	Glimpse Group	Pair Corr
0.66	VRNS	Varonis Systems Earnings Call This Week	Pair Corr
0.85	VRNT	Verint Systems	Pair Corr
0.68	FAAS	DigiAsia Corp	Pair Corr
0.8	FIVN	Five9 Inc	Pair Corr
0.68	FAASW	DigiAsia Corp	Pair Corr
0.88	FLYW	Flywire Corp	Pair Corr
0.87	BOX	Box Inc	Pair Corr
0.85	DBX	Dropbox Earnings Call This Week	Pair Corr
0.78	DLO	Dlocal	Pair Corr
0.64	GEN	Gen Digital Earnings Call This Week	Pair Corr
0.83	IOT	Samsara	Pair Corr
0.81	MDB	MongoDB Sell-off Trend	Pair Corr
0.79	NET	Cloudflare	Pair Corr
0.73	LIDRW	AEye Inc	Pair Corr
0.91	RPD	Rapid7 Inc Earnings Call This Week	Pair Corr
0.8	RXT	Rackspace Technology Earnings Call This Week	Pair Corr

Moving against Akamai Stock

0.79	GB	Global Blue Group	Pair Corr
0.57	VRSN	VeriSign	Pair Corr
0.85	SWI	SolarWinds Corp	Pair Corr
0.4	XNET	Xunlei Ltd Adr Tech Boost	Pair Corr

Related Correlations Analysis

	FLT	CHKP	VRSN	QLYS	FFIV	GDDY	CYBR	DOX	TENB	RPD
FLT		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	FLT
CHKP	0.0		0.1	0.05	-0.04	-0.16	-0.01	0.7	0.1	0.02	CHKP
VRSN	0.0	0.1		-0.54	-0.58	-0.42	-0.39	0.21	-0.78	-0.76	VRSN
QLYS	0.0	0.05	-0.54		0.93	0.72	0.91	0.35	0.88	0.9	QLYS
FFIV	0.0	-0.04	-0.58	0.93		0.7	0.92	0.24	0.85	0.89	FFIV
GDDY	0.0	-0.16	-0.42	0.72	0.7		0.61	0.13	0.7	0.81	GDDY
CYBR	0.0	-0.01	-0.39	0.91	0.92	0.61		0.24	0.7	0.76	CYBR
DOX	0.0	0.7	0.21	0.35	0.24	0.13	0.24		0.27	0.23	DOX
TENB	0.0	0.1	-0.78	0.88	0.85	0.7	0.7	0.27		0.95	TENB
RPD	0.0	0.02	-0.76	0.9	0.89	0.81	0.76	0.23	0.95		RPD
	FLT	CHKP	VRSN	QLYS	FFIV	GDDY	CYBR	DOX	TENB	RPD

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

RPD	+ 0.95	TENB
FFIV	+ 0.93	QLYS
CYBR	+ 0.92	FFIV
CYBR	+ 0.91	QLYS
RPD	+ 0.9	QLYS
RPD	+ 0.89	FFIV

High negative correlations

TENB	- 0.78	VRSN
RPD	- 0.76	VRSN
FFIV	- 0.58	VRSN
QLYS	- 0.54	VRSN
GDDY	- 0.42	VRSN
CYBR	- 0.39	VRSN

Risk-Adjusted Indicators

There is a big difference between Akamai Stock performing well and Akamai Technologies Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Akamai Technologies' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FLT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CHKP	1.67	0.21	0.12	0.14	1.82	(1.79)	3.01	(3.54)	11.65
VRSN	1.05	0.51	0.31	0.68	1.16	(1.13)	2.66	(1.72)	8.85
QLYS	1.73	(0.06)	0.00	(0.17)	0.00	0.00	2.74	(3.66)	11.94
FFIV	1.51	(0.02)	0.00	(0.13)	0.00	0.00	2.20	(3.31)	12.82
GDDY	1.70	(0.15)	0.00	(0.27)	0.00	0.00	2.61	(3.82)	16.69
CYBR	2.26	0.15	0.04	(0.01)	2.84	(2.57)	5.38	(5.13)	15.53
DOX	1.13	0.16	0.10	0.08	1.56	(1.08)	1.71	(2.48)	9.69
TENB	1.71	(0.39)	0.00	(0.53)	0.00	0.00	2.30	(3.90)	17.76
RPD	2.22	(0.55)	0.00	(0.53)	0.00	0.00	4.48	(5.35)	15.89

Akamai Technologies Corporate Management

Anthony Williams	Chief VP	Profile
Charlie Rice	Senior Development	Profile
Kim Jackson	Executive Officer	Profile
Mani Sundaram	Executive Group	Profile

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